CBD Energy Anticipates Nasdaq Listing by January

By Ehren Goossens -
Dec 12, 2013

CBD Energy Ltd. (CBD), a Sydney-based
developer of wind and solar power, plans to delist from the
Australian Securities Exchange and expects to be listed on the
Nasdaq Stock Market by January to improve its access to capital,
the company’s chairman said.

CBD reported A$70 million ($62.4 million) in sales in the
fiscal year ending June 30 and has a market value of A$4.7
million. Access to U.S. capital markets may make it easier to
tap funding and boost revenue by 25 percent a year in its three
key markets: the U.S., the U.K. and Australia and New Zealand,
Gerry McGowan said today in an interview at Bloomberg’s
headquarters in New York.

“We are hopeful we will be here late-December or early-January, starting to trade,” he said.